ARTICLE SYNOPSIS...The NYSE Composite declined sharply over the last six weeks, but the pattern looks like a classic Elliott wave correction and support is near.
ARTICLE SYNOPSIS...Electronics Arts has been trending lower the last seven to eight months, but the decline looks like an ABC correction and the stock is showing signs of firmness.
ARTICLE SYNOPSIS...After tracing out an ABC correction, Linear Technology surged with good volume, and this could foreshadow a breakout that ends the correction.
ARTICLE SYNOPSIS...Technically, the medium-term trend is down for the Dow, but a potential ABC pattern could make this a big correction within a larger uptrend.
ARTICLE SYNOPSIS...Stocks & Commodities V. 23:1 (52-55): The Simple ABC Correction by Thomas N. Bulkowski This chart pattern reliably signals an extended move up. Take a look. An old joke says that if an investor buys land in an earthquake zone, it will be his own fault.